A dynamic booking policy for multiple fare classes that share the same seating pool on one leg of an airline flight, when seats are booked in a nested fashion and when lower fare classes book before higher ones, is determined. The dynamic policy of airline booking makes repetitive use of an optimal static policy over the booking period, based on the most recent demand and capacity information. ...

This essay puts forward a cruise pricing model based on improved quantum particle swarm optimization, aiming at optimizing the pricing strategy and realizing the maximum sales income expected. Firstly, we combine the two factors – actual booking records and expected booking records in the process of cruises pricing – and improve the dynamic price-setting model based on demand learning put forwa...

Providing an efficient revocation mechanism for identity-based encryption (IBE) is very important since a user’s credential (or private key) can be expired or revealed. Revocable IBE (RIBE) is an extension of IBE that provides an efficient revocation mechanism. Previous RIBE schemes essentially use the complete subtree (CS) scheme for key revocation. In this paper, we present a new technique fo...

This paper describes a revenue management project with a major airline that operates in a fiercely competitive market involving two major hubs and having more than 30 parallel daily flights. The market has a number of unusual characteristics including (1) almost half of customers choose not to purchase the tickets after booking; (2) about half of customers purchase their tickets within 3 days o...

In this thesis, we develop the necessary statistical framework to produce accurate forecasts of total bookings in a particular fare class on a specific flight number departing on a given date at various points before departure. After an introduction to the basic terminology of the airline booking process, a rigorous probabilistic model is developed. The booking process is modeled as a stochasti...

Previously, lab managers scheduled procedures on a first-come, first-serve, open booking basis. However, physicians would create phony bookings in order to block out times for themselves, would cancel or rearrange appointments, and intentionally underestimate the time required for complex cases. Furthermore, there was considerable discord among physicians and much dissatisfaction among all part...

REQUIRED) The market for hotel room accommodation is highly fragmented on the supply-side as well as on the demand-side. Online booking platforms such as booking.com or hotel.de bring together hotels and their customers. Hotels and booking customers are the main customer groups of the platform. This paper explores the business model of a large online hotel booking platform, hotel.de, using a ca...

We consider capacity management games between airlines who transport passengers over a joint airline network. Passengers are likely to purchase alternative tickets of the same class from competing airlines if they do not get tickets from their preferred airlines. We propose a Nash and a generalized Nash game model for such a capacity competition problem over a network. These two models are base...

This empirical study explores the different factors influencing the runtime of a booking process in the middle office of a major European investment company. The study is based on mixed methods research that combines qualitative research data collection techniques with a quantitative research approach. On the basis of semi-structured interviews, we first develop and present a model of the busin...